Vocab: G Flashcards
1
Q
Grant Deed
A
A document used to pass a fee simple interest in real estate from the grantor to another individual, unless a lesser interest is stated
2
Q
Grantee
A
An individual acquiring an interest in title to real estate
3
Q
Grantor
A
A capable individual conveying an interest in real estate.
4
Q
Gross Rent Multiplier
A
A factor which when multiplied by the gross income of a property produces an estimate of the property’s value
5
Q
Gross Lease
A
A nonresidential lease specifying that the tenant pays for their utilities and janitorial fees but unless modified is not responsible for any other care, maintenance or carrying cost of the property
